Aquatic Capital Management LLC Has $14.95 Million Stock Position in Target Co. (NYSE:TGT)

Aquatic Capital Management LLC raised its stake in shares of Target Co. (NYSE:TGT - Free Report) by 562.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,566 shares of the retailer's stock after acquiring an additional 93,866 shares during the period. Aquatic Capital Management LLC's holdings in Target were worth $14,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Hopwood Financial Services Inc. purchased a new stake in Target during the 4th quarter valued at approximately $29,000. Bernard Wealth Management Corp. purchased a new position in shares of Target during the 4th quarter worth approximately $30,000. MCF Advisors LLC raised its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer's stock worth $35,000 after buying an additional 163 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer's stock worth $35,000 after buying an additional 135 shares in the last quarter. Finally, Legacy Investment Solutions LLC raised its stake in shares of Target by 47.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the retailer's stock worth $35,000 after buying an additional 85 shares in the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Target from $146.00 to $140.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Robert W. Baird lowered Target from an "outperform" rating to a "neutral" rating and set a $110.00 price target on the stock. in a research note on Monday, April 7th. Telsey Advisory Group decreased their target price on Target from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Wednesday, March 5th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Target in a report on Wednesday, March 5th. Finally, Baird R W cut Target from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $132.37.

Target Stock Performance

Shares of Target stock traded up $0.61 on Tuesday, reaching $96.98. The stock had a trading volume of 3,751,592 shares, compared to its average volume of 7,343,141. The business's 50-day moving average price is $104.90 and its two-hundred day moving average price is $127.12. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.25 and a current ratio of 0.94. Target Co. has a fifty-two week low of $87.35 and a fifty-two week high of $167.40. The stock has a market cap of $44.18 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

Target (NYSE:TGT - Get Free Report) last released its earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.17. Target had a return on equity of 31.11% and a net margin of 4.06%. The business had revenue of $30.92 billion for the quarter, compared to the consensus estimate of $30.83 billion. On average, sell-side analysts forecast that Target Co. will post 8.69 EPS for the current year.

Target Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Investors of record on Wednesday, May 14th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Wednesday, May 14th. Target's dividend payout ratio (DPR) is presently 50.56%.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.